del - page 11. | Bitcointalksearch.org

Crypt_Current

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Quote from: proudhon on January 05, 2012, 05:27:17 PM

Quote from: cypherdoc on January 05, 2012, 05:25:42 PM

Quote from: proudhon on January 05, 2012, 05:21:35 PM

I could grab a penny!

we could very well be on the verge of Proudhon pumping Bitcoin!!!

lol. I just want to understand how this leveraged trading business works. It's mystifying the way you guys talk about it.

You're basically just getting a loan from Zhou. That's the way I look at it. And if you make money with his money that he loans you, great! He profits from the spread. If you lose money, well then he'll break your goddamned legs.

Crypt_Current

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Quote from: trogdorjw73 on January 05, 2012, 05:26:56 PM

Quote from: ?? on ??

Quote from: Crypt_Current on January 05, 2012, 05:06:57 PM

Using 5:1, ok good.

1:1 for now

Quote from: Crypt_Current on January 05, 2012, 05:06:57 PM

Main thing is, don't let your margin fall below 2.1-2.5x maintenance.

ok i get the point

edit: so the best approach to the USD BTC deposits is to keep most BTC if you are on a short position and to keep USD if you are on along position, 80/20 rule apply here no ?

I guess it depends on your approach. If you're really going long, IMO it would be better to go long with BTC -- as the price goes up, the value of your BTC (and thus available leverage) also goes up. On the other hand, if you start with BTC and go long and then the price drops, you drop twice as fast. IMO, using USD as your base investment is the best approach, since it won't fluctuate with the value of BTC.

Precisely. I recently started another account so I could have one for shorts and one for longs to catch all the spikes, and I (try) to fund my short acct totally in BTC and my long in USD.

proudhon

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Quote from: cypherdoc on January 05, 2012, 05:25:42 PM

Quote from: proudhon on January 05, 2012, 05:21:35 PM

I could grab a penny!

we could very well be on the verge of Proudhon pumping Bitcoin!!!

lol. I just want to understand how this leveraged trading business works. It's mystifying the way you guys talk about it.

trogdorjw73

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Quote from: ?? on ??

Quote from: Crypt_Current on January 05, 2012, 05:06:57 PM

Using 5:1, ok good.

1:1 for now

Quote from: Crypt_Current on January 05, 2012, 05:06:57 PM

Main thing is, don't let your margin fall below 2.1-2.5x maintenance.

ok i get the point

edit: so the best approach to the USD BTC deposits is to keep most BTC if you are on a short position and to keep USD if you are on along position, 80/20 rule apply here no ?

I guess it depends on your approach. If you're really going long, IMO it would be better to go long with BTC -- as the price goes up, the value of your BTC (and thus available leverage) also goes up. On the other hand, if you start with BTC and go long and then the price drops, you drop twice as fast. IMO, using USD as your base investment is the best approach, since it won't fluctuate with the value of BTC.

cypherdoc

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Quote from: proudhon on January 05, 2012, 05:21:35 PM

I could grab a penny!

we could very well be on the verge of Proudhon pumping Bitcoin!!!

proudhon

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Quote from: Crypt_Current on January 05, 2012, 05:23:43 PM

Quote from: proudhon on January 05, 2012, 05:21:35 PM

I could grab a penny!

Good, ride it out if it keeps rising. If it falls below your base price, pick up more. The lower under your base price, the more you should pick up. BUT only if it's under your base price. If you show a loss but it's not under your base price yet, just leave it as long as your margin can cover maintenance.

When you say "leave it as long as your margin can cover maintenance" do you mean what's next to the Margin Balance field over on the right?

Crypt_Current

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Quote from: proudhon on January 05, 2012, 05:21:35 PM

I could grab a penny!

Good, ride it out if it keeps rising. If it falls below your base price, pick up more. The lower under your base price, the more you should pick up. BUT only if it's under your base price. If you show a loss but it's not under your base price yet, just leave it as long as your margin can cover maintenance.

cypherdoc

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this is great!

Crypt_Current

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Quote from: Mushoz on January 05, 2012, 05:06:54 PM

Quote from: SgtSpike on January 05, 2012, 05:05:49 PM

Well, I can tell you both one thing. You're currently losing money.

They both just opened their positions. Of course they will have a small loss due to spreads :p

Right; the only way you're going to profit from the get-go is if you accurately predict the bottom of a spike up (or the top in the case of a downward spike if shorting), and set a limit order to buy/sell at that price. If you just jump in at market price, no matter which direction you're going, you're going to show loss at first. (MOST of the time, heh. A while back bitcoinica actually showed a negative spread sometimes, which is fun. Zhou has benevolently fixed this, though).

But jumping in at market price is not exactly dumb all the time, especially in the case of extremely strong movement pressure as we are seeing now.

proudhon

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I could grab a penny!

Mushoz

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Bitbuy

Both in the green now, am I right?

Otoh

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congrats! you're now in the black as your buy in spread has been covered, bitcoinica sell quote is $6.3104 atm against your base price of $6.2927 - let it ride

Crypt_Current

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Quote

ANY QUESTIONS, JUST PM ME

Seriously, I'm more than willing to help via my own experiences.

ArsenShnurkov

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Quote from: ArsenShnurkov on January 05, 2012, 04:39:57 PM

Quote from: ineededausername on January 05, 2012, 04:21:50 PM

It's strange, really... there's no wall or anything. Just resistance.

Please read that tread:
https://bitcointalksearch.org/topic/del-56701

I think that short is now around -20000 BTC

Crypt_Current

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Quote from: bulanula on January 05, 2012, 05:09:03 PM

Quote from: Crypt_Current on January 05, 2012, 05:06:57 PM

Excellent! I can help you guys. I'm not a liar or a trickster; this is not a paradox.

Using 5:1, ok good. Main thing is, don't let your margin fall below 2.1-2.5x maintenance.

If you see the price drop below your base price and you have tradable balance, buy buy buy!

But you both probably already know the basics. PM if you have any questions; bitcoinica is practically all i've been doing for a couple months now.

LOL. For me this Bitcoinica stuff seems like out of another planet since I assume you are all day traders at Forex or something LOL.

BTC and bitcoinica are my first experiences with any kind of trading. Once I master them I will rule the planet.

Crypt_Current

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Another thing, keep some BTC or USD on mtgox. Transferring funds to bitcoinica from mtgox code is the fastest method. And if that price drops you want to get more funds into your position asap.

Taking profits from bitcoinica is a little different as of right now. They are reaching their limit of mtgox coupons for withdrawal in USD. So you could be waiting a while on a withdrawal from bitcoinica in mtgox coupon for USD. BUT,

You can exchange your USD profit for BTC on bitcoinica (have to use their exchange rate which most times sucks); that will get your coupon immediately (and then you can sell them btcs on gox or do whatever you want with your profit in that form).

bulanula

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Quote from: Crypt_Current on January 05, 2012, 05:06:57 PM

Excellent! I can help you guys. I'm not a liar or a trickster; this is not a paradox.

Using 5:1, ok good. Main thing is, don't let your margin fall below 2.1-2.5x maintenance.

If you see the price drop below your base price and you have tradable balance, buy buy buy!

But you both probably already know the basics. PM if you have any questions; bitcoinica is practically all i've been doing for a couple months now.

LOL. For me this Bitcoinica stuff seems like out of another planet since I assume you are all day traders at Forex or something LOL.

Crypt_Current

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Activity: 686

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Shame on everything; regret nothing.

Excellent! I can help you guys. I'm not a liar or a trickster; this is not a paradox.

Using 5:1, ok good. Main thing is, don't let your margin fall below 2.1-2.5x maintenance.

If you see the price drop below your base price and you have tradable balance, buy buy buy!

But you both probably already know the basics. PM if you have any questions; bitcoinica is practically all i've been doing for a couple months now.

Mushoz

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Bitbuy

Quote from: SgtSpike on January 05, 2012, 05:05:49 PM

Well, I can tell you both one thing. You're currently losing money.

They both just opened their positions. Of course they will have a small loss due to spreads :p

SgtSpike

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Well, I can tell you both one thing. You're currently losing money.

Topic: del - page 11. (Read 18630 times)